Sri Lanka – Earnings Update – 3Q’23

Corporate earnings bounce back stronger in 3Q’23 with profits soaring by over 2.5x QoQ 

Economic recovery and additional support from JKH profits to reflect in CIC’s bottom line. 

Sound provisioning and capital buffer to act as catalysts.

SUN poised to reap benefits from the latest ventures. Focus on core business activities to drive up the topline

Higher demand for fresh milk and ongoing capacity expansion to steer LMF's topline

Likely capacity expansions and higher contribution from value added products to drive HAYC’s topline 

Emerging variants and anticipated growth in global industrial activities to drive DIPD’s earnings    

Import ban, capacity expansion and uptick in construction sector to help sustain RCL’s earnings